Metairie, LA—70002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metairie, LA
As of Oct '25, the median home price in Metairie, LA is $346,000, with a year-over-year change of 9.8%. This indicates that home prices in Metairie, LA are increasing. According to Zillow, the 1-year price projection is -3.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 9.8% |
| Single Family | $389,000 | 7.2% |
| Condos | $144,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | 8.4% |
3 Bed | $361,000 | 4.0% |
4 Bed | $500,000 | 1.6% |
| 5 Bed | $644,000 | -0.3% |
% of Housing Stock
Rental Trends — Metairie, LA
As of July '25, Rentcast reports the average rent in Metairie, LA is $1,910, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Metairie, LA is 1-bedrooms: $1,200, 2-bedrooms: $1,470, 3-bedrooms: $2,900, 4-bedrooms: $4,270. The most common rental property sizes in Metairie, LA are 2-bedroom and 1-bedroom, accounting for 51.1% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,200 |
| 2 Bed Rent | $1,500 | $1,470 |
| 3 Bed Rent | $2,500 | $2,900 |
| 4 Bed Rent | $5,000 | $4,270 |
% of Rental Stock
Property Listings — Metairie, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Metairie, LA is 91. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | -12.0% |
Listing Count | 95 | 4.0% |
| Listings as % of Homes | 0.6% | 4.0% |
Days on Market | 91 | 46.0% |
Demographics — Metairie, LA
As of the latest ACS Survey released in 2023, Metairie, LA has a population of 19,200, which has decreased by -7.3% over the past 5 years. Metairie, LA is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 50.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | -7.3% |
% Under 18 | 21.8% | 13.5% |
% Seniors | 20.7% | 13.7% |
% WFH | 12.0% | 252.9% |
% w/ College Degree | 50.4% | 21.7% |
As of the latest ACS Survey released in 2023, Metairie, LA is a predominantly white area, with 59.7% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Metairie, LA is black, making up 16.2% of the population. Foreign-born residents account for 16.9% of the population in Metairie, LA, and this percentage has decreased by 12.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.7% | -3.7% |
% Black | 16.2% | 26.6% |
% Hispanic | 14.7% | -13.5% |
% Asian | 6.4% | -7.2% |
% Foreign Born | 16.9% | -12.0% |
Mortgage and Risk — Metairie, LA
According to HUD data as of 2023, there were 114 mortgage originations in Metairie, LA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Metairie, LA. Investor activity is low, as 9.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 114 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 9.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Metairie, LA
As of 2024, the percent of homes in Metairie, LA under the Section 8 program is 2.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Metairie, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,120 | $1,150 |
| 2 Bedroom | -$130 | $1,500 | $1,370 |
| 3 Bedroom | -$750 | $2,500 | $1,750 |
| 4 Bedroom | -$2,940 | $5,000 | $2,060 |
Affordability — Metairie, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $346,000 |
| Median Household Income | $65,600 |